27 March 2024
His Excellency, the Chairman of the Board of Directors of the Insurance
Authority, Mr. Abdulaziz bin Hassan Al-Bouq, appreciated the issuance of the
noble royal decree by His Royal Highness Prince Mohammed bin Salman bin
Abdulaziz Al Saud, Crown Prince, Prime Minister, and Minister of Defense - may
God protect him - for appointing qualified and experienced members to the Board
of Directors of the Insurance Authority.
The appointed members are: Saleh bin Nasser Al-Omair, Nicholas Andres
Nicanor, Youssef bin Hamad Al-Bulaihed, Fahd bin Abduljaleel Al-Seif, and Ahmed
bin Mohammed Al-Anzi. Al-Bouq extended his thanks and appreciation to the
Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and to
His Royal Highness the Crown Prince, Prime Minister,- may God protect them -
for the continuous support and empowerment received by the Authority.
He affirmed that these appointments would have a positive impact on the
new phase led by the Insurance Authority, in line with its objectives to
develop the insurance sector in accordance with the goals of the kingdom's
Vision 2030. On their part, the newly appointed members expressed their
appreciation for being appointed to the Board of Directors of the Insurance
Authority.
They emphasized their commitment to contribute to the achievement of the
wise leadership's aspirations. They look forward to working towards achieving
the goals and objectives of the Authority to develop the insurance sector in
the Kingdom.
The Insurance Authority is a government entity established by Cabinet
Decision No. 85 on August 15, 2023, to be the entity responsible for
regulating, stabilizing, and developing the insurance sector in the Kingdom. It
supervises and monitors the sector. It enjoys legal personality and financial
and administrative independence. The Authority is organizationally linked to
the Prime Minister and is responsible for fostering insurance awareness,
protecting